ERP software features: what should an ERP software have?


As Peruvian companies mature, their processes become more complex and the volume of information to be managed increases, making the use of ERP software indispensable to simplify workflows and maintain full control over resources and different business areas.

Currently, any type of business can implement this tool. In fact, there are different solutions for SMEs and 96% of emerging companies that stand out in their industries rely on some kind of ERP system, according to figures compiled by Finances Online.

However, we must know how to choose.

ERP: what is it and what features should it have?

The ERP (Enterprise Resource Planning) concept refers to a platform that integrates different management modules of a company's areas (accounting, inventory, compensation, among others), which interact with each other on a centralized database.

Its objective is to automate processes and streamline information flows.

In this sense, the integration of the different business areas and the automation of processes are the essential characteristics of any ERP software.

Then, we can talk about the following:

Business-related tools.

This is the most important. The functionalities of the system must respond to the management needs of the company, considering the particular factors and characteristics.

In this regard, the first thing to bear in mind is that the different types of ERP are classified into two main categories:

1. Vertical: oriented to meet the specific needs of a particular industry or market niche.

2. Horizontal: its approach is much broader and can meet the needs of any company.

Depending on the needs of the company, we decide which of the two types of ERP we require, and then think of a package of functions tailored to its size.

That is, if we have a small business in its initial stages, perhaps we need a basic ERP software that allows us to optimize complex processes of accounting, billing and remuneration.

But if we have a business in strong growth, we will require a more complete solution, which also gives us the opportunity to manage commercial and supply cycles, budgets, treasury, collections, purchases, sales, inventories, etc.

24/7 connectivity (100% online)

The ERP, which is an enabler of digital transformation, must operate in the cloud. This allows us to access at any time and from any browser, either to ensure the continuity of processes or to solve contingencies.

According to statistics presented by Finances Online, almost 90% of the companies that chose a cloud-based ERP solution opted for a SaaS (Software as a Service) model. This is ideal because we only pay for a subscription, without the need to invest in hardware, software, licenses, maintenance and updates.

Scalability

In a previous point we highlighted the importance of the system's functionalities responding to the company's characteristics. But these change as the company operates and grows.

Therefore, the ERP system must have the capacity to extend its functions as the business requirements grow.

Integration with other systems

The best ERP solutions have the ability to integrate with other key systems for business management, such as the Sales Management Software, the POS (Point of Sale) and the electronic invoicing system. In this way, we further centralize information flows and control of operations.

Defontana ERP offers all of the above features, with packages of functionalities for small, medium and large companies. Additionally, it is supplied by a company with more than 15 years of experience and leader in business management software in Latin America.

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